https://www.taxtmi.com/circulars?id=10735 Section 210 requires companies to render to shareholders an account of expenditure and income incurred or received during construction; such disclosure may be presented under titles like "Development account" or "Expenditure during construction account" provided revenue expenditure and income are detailed as required by Part II of Schedule VI. Sub section (3) mandates preparation of a profit and loss account from the date of incorporation so that shareholders receive financial statements covering the construction period. en-us Wed, 29 Jan 1964 00:00:00 +0530 Thu, 16 Jun 2011 16:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10735 Section 210 requires companies to render to shareholders an account of expenditure and income incurred or received during construction; such disclosure may be presented under titles like "Development account" or "Expenditure during construction account" provided revenue expenditure and income are detailed as required by Part II of Schedule VI. Sub section (3) mandates preparation of a profit and loss account from the date of incorporation so that shareholders receive financial statements covering the construction period. Circulars Companies Law Wed, 29 Jan 1964 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10735